Impinj Reports First Quarter 2024 Financial Results
Impinj, Inc. (PI)
Last impinj, inc. earnings: 4/27 04:15 pm
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Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the first quarter ended March 31, 2024.“2024 started strong, with revenue and profitability exceeding both our fourth-quarter results and first-quarter guidance,” said Chris Diorio, Impinj co-founder and CEO. “As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead.”First Quarter 2024 Financial SummaryRevenue of $76.8 millionGAAP gross margin of 48.9%; non-GAAP gross margin of 51.5%GAAP net income of $33.3 million, or income of $1.10 per diluted share using 31.4 million sharesAdjusted EBITDA of $6.7 millionNon-GAAP net income of $6.2 million, or income of $0.21 per diluted share using 28.8 million sharesA reconciliation between GAAP and non-GAAP information is contained in the tables below. Additionally, descriptions of
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News
- Impinj, Inc. (NASDAQ: PI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Impinj, Inc. (NASDAQ: PI) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $130.00 to $156.00. They now have a "buy" rating on the stock.MarketBeat
- Impinj, Inc. (NASDAQ:PI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Impinj Stock Is Soaring Today [Yahoo! Finance]Yahoo! Finance
- Impinj (PI) Shares Skyrocket, What You Need To Know [Yahoo! Finance]Yahoo! Finance
PI
Earnings
- 4/24/24 - Beat
PI
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 144
- PI's page on the SEC website